What is Coin-Margined Contract?
A futures contract is a crypto derivative that allows investors to profit from price fluctuations by opening long (buy) or short (sell) positions.
CoinEx offers both Linear Contract and Coin-Margined Contract in Futures trading. Coin-Margined Contract is quoted in USD but settled and margined in the underlying cryptocurrency.
🔗For more concepts about Futures Contracts and Coin-Margined Contracts, please refer to:
A Beginner's Guide to CoinEx Futures Trading >>
Introduction to USDⓈ-Margined Contracts and Coin-Margined Contracts >>
How to Place Orders in Coin-Margined Contract Market
When placing orders in the coin-margined contracts market, you can select different order types for buying (going long) or selling (going short). Also, you can adjust the leverage ratio and margin mode here. (The image below illustrates the BTCUSD contract.)
(1) You can switch margin modes between cross margin mode and isolated margin mode, and adjust the leverages when placing orders.
🔗 Explore more: What are Isolated & Cross Margin Modes >>
Note:
- When opening a position of inverse futures contracts, the system will calculate the estimated cost, which includes the initial margin required to open the position and trading fees.
- If the limit order you placed cannot be executed immediately, the initial margin and trading fees will be locked for the transaction based on the preset prices.
(2) CoinEx supports 4 types of orders for Futures trading: limit order, market order, stop order, and scaled order. You could select the order type based on your needs.
When placing a limit order, the available execution types include: Always Valid (AL), Immediate or Cancel (IOC), Fill or Kill (FOK), and Maker Only (MK).
🔗 Explore more: Introduction to Futures Order Types >>
(3) When you believe the price goes up, you could earn profits by buying (going long). When you believe the price goes down, you could earn profits by selling (going short).
🔗 Explore more:
How to Buy Long in Coin-Margined Futures Contracts (App) >>
How to Sell Short in Coin-Margined Futures Contracts (App) >>
(4) When opening a position, you can set a TP/SL price to lock in profits and stop losses. The position will be automatically closed when the market price reaches the trigger price.
🔗 Explore more: Introduction to Futures Take-Profit and Stop-Loss (TP/SL) >>
How to Check or Cancel Futures Orders
After placing orders, you can check the pending orders or order history. You can also cancel the pending order if needed.
Method 1:
1. On the CoinEx App, click the [Futures] button at the bottom of the page to enter the “Futures” page. Slide down and you will see the [Pending Order] and [Order History].
2. Click [Pending Order] to view open orders in the current market. To cancel an order, click [Cancel] on the right side of the page.
Note: To view open orders in all markets, uncheck the [Show current market] box.
3. Click [Order History] to check historical orders in the current market.
Method 2:
1. On the CoinEx APP, click the avatar at the top left corner and select [Order Center], you will see the [Spot Orders] and [Futures Orders].
Note: You can click [More] to open the [Quick Entry] menu, then click [Orders] to enter the [Order Center].
2. Click [Futures Orders] > [Order] > [Pending Order] to view all pending orders. To cancel an order, you can click [Cancel] on the right side of the page or click [Cancel All] to cancel all orders simultaneously.
Note: If you want to check pending orders in a specific market, you can click the filter button
at the top right corner to open the Order Filter. Then select the market and side, and enter keywords under “Market” to search specific contract markets.
3. Click [Order History] to check order records across all markets. Additionally, you can navigate to [Trading History] for more information.
Note: If you need to check the position history and funding rate, click [Position] and switch to [Current Position], [Position History], or [Funding Rate] for more futures trading information.
🔗Explore More
Coin-Margined Contracts Interface Overview (App) >>
Leverage and Margin Explanation for Coin-Margined Contracts >>
Fee Structure for Coin-Margined Contracts >>
How to Calculate Margin for Coin-Margined Contract Orders >>
How to Calculate Liquidation Price for Coin-Margined Contracts >>